Financial Transparency Coalition

There’s an in-depth piece published today in the Financial Times that examines the upcoming implementation of the OECD’s Common Reporting Standard (CRS) for the automatic exchange of financial information. This new standard would allow countries to share information regularly on each other’s citizens who may be hiding money illegally abroad. For example, France will provide Germany with

In less than a year data will start to flow under a new scheme for countries to share information automatically across borders, to help each other collect taxes from their taxpayers and fight financial crimes and abuses.  The scheme is the Common Reporting Standard (CRS) which was set up by the OECD, a club dominated

We saw a familiar scene at the end of the Anti-Corruption Summit in London. Participating countries delivered a strong communique, and committed to increasing international transparency on tax to deter tax crimes and ‘prevent individuals from concealing proceeds of crime, including corruption in other jurisdictions’. The diagnosis of the problem is spot on, but, unfortunately, the

PRESS RELEASE The OECD’s plan to open BEPS system to developing countries after it has already been designed highlights the need for a truly universal tax body Ahead of this week’s G20 Finance Ministers meeting, the Organization for Economic Cooperation and Development announced a proposal to invite non-member countries to join in its anti-tax avoidance system. The